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Risk management and coping strategies: climate change and agriculture in the Philippines

Philippine Review of Economics

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Field Value
 
Title Risk management and coping strategies: climate change and agriculture in the Philippines
 
Creator Ravago, Majah-Leah; UP School of Economics
Roumasset, James; University of Hawaii
Jandoc, Karl; UP School of Economics
 
Subject Farm household risk management, natural disasters, shock, coping
 
Description We provide an initial framework to guide government priorities among programs seeking to reduce the natural-disaster vulnerability of Philippine farm households. The framework sheds light on the pros and cons of alternative policies to reduce household vulnerability, paying particular attention to the role of discounting. The limited coping tools available to low-income households strengthen the case for preventive polices that reduce the probability or the severity of damages. We argue, however, that the inability of poor households to cope with increased exposure to risks does not necessarily imply that social insurance programs should be expanded. Finally, inasmuch as disaster risk management policies at the national level typically lack coherent foundations, we suggest how the farm level risk management framework might be expanded to the national level. JEL classification: Q120, Q54, D81, I38
 
Publisher Philippine Review of Economics
 
Contributor —
 
Date 2017-04-17
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Identifier http://www.econ.upd.edu.ph/pre/index.php/pre/article/view/943
 
Source Philippine Review of Economics; Vol 53, No 2 (2016); 66-104
1655-1516
 
Language en
 
Rights Copyright (c) 2019 Philippine Review of Economics